Mcap of eight of top-10 most valued firms jump over Rs 1.52 lakh crore; HDFC Bank biggest gainer

Asia's Tech News Daily

#Business, #Companies, #mcap

Eight of the top-10 most valued companies together added Rs 1,52,355.03 crore in market valuation last week, with HDFC Bank and State Bank of India emerging as the biggest gainers.

Last week, the BSE benchmark Sensex rallied 1,246.89 points or 2.07 percent. The benchmark went past the 61,000-mark for the first time ever on Thursday.

Markets were closed on Friday for Dussehra. Leading the gainers’ chart, HDFC Bank’s valuation jumped Rs 46,348.47 crore to Rs 9,33,559.01 crore.

Leading the gainers’ chart, HDFC Bank’s valuation jumped Rs 46,348.47 crore to Rs 9,33,559.01 crore. The market valuation of State Bank of India zoomed Rs 29,272.73 crore to Rs 4,37,752.20 crore.

Reliance Industries Limited added Rs 18,384.38 crore to Rs 17,11,554.55 crore in its valuation. The mcap of ICICI Bank rose by Rs 16,860.76 crore to reach Rs 5,04,249.13 crore and that of HDFC gained Rs 16,020.7 crore to Rs 5,07,861.84 crore.

Kotak Mahindra Bank’s valuation rose by Rs 15,944.02 crore to Rs 3,99,810.31 crore and that of Bajaj Finance jumped by Rs 7,526.82 crore to Rs 4,74,467.41 crore.

Hindustan Unilever added Rs 1,997.15 crore taking its market valuation to Rs 6,22,359.73 crore. In contrast, the valuation of Tata Consultancy Services eroded by Rs 1,19,849.27 crore to Rs 13,35,838.42 crore. Shares of Tata Consultancy Services had on Monday tumbled over 6 percent after the company’s September quarter earnings missed market expectations.

The valuation of Infosys tumbled Rs 3,414.71 crore to Rs 7,27,692.41 crore. In the ranking of top-10 firms, Reliance Industries was leading the chart, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, Bajaj Finance, State Bank of India and Kotak Mahindra Bank.

(With PTI inputs)

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Inflation fears and corona concerns are pushing stock markets into the red

European stocks plunged into the red again on Tuesday after the rebound a day earlier. Concerns about soaring inflation in the eurozone and fears that existing vaccines will not work ... Read more »

Goldman downgrades Dollar Tree to neutral, says company's improvements are priced in

People walk past a Dollar Tree store on November 23, 2021 in Los Angeles, California.Mario Tama | Getty Images Shares of Dollar Tree are getting too expensive and investors should ... Read more »

Kremlin hopes there will be no threats to completion of Nord Stream 2 certification

Dmitry Peskov emphasized that the certification and launch of Nord Stream 2 are in the interests of all European consumers Read more »

Reuben property billionaires plot £180m deal to fund Admiralty Arch hotel project

The Reuben family is on the verge of a £180m deal with Prime Investors Capital that would see it become a significant shareholder in the redeveloped Admiralty Arch site, Sky News learns. Read more »

Eight core industries growth rises to 7.5% in October

The growth of eight core industries has surged by 7.5 percent in October 2021 as compared to the same period last year, showed the official data released on November 30. ... Read more »

Go Fashion shares close 81% higher on debut despite market volatility

Go Fashion India IPO Shares of Go Fashion, the operator of Go Colors brand, remained strong throughout the session, and closed 81.5 percent higher on the day of the stock’s debut amid ... Read more »

Credit growth to industry picked up in October, shows RBI data

Representational image. Credit growth to industry picked up to 4.1 percent in October 2021 from a contraction of 0.7 percent in October 2020, according to the latest data from the ... Read more »

What is known about new Twitter boss Parag Agrawal?

Read more »

Volvo Cars built 50,000 fewer cars due to chip shortage

Photo: ANP Swedish car maker Volvo Cars has built 50,000 fewer cars in the third quarter compared to a year earlier due to chip shortages that have plagued the global ... Read more »

STI falls 2.5% in single largest decline in a year amid Omicron variant fears

Decliners outnumbered advancers 338 to 172, with 3.22 billion shares worth S$3.89 billion changing hands. SINGAPORE (THE BUSINESS TIMES) – The Straits Times Index (STI) saw its largest single-day decline ... Read more »

Inflation in 19 nations using euro hits record high of 4.9%

The Associated PressFILE – People fill up the shopping streets in Cologne, Germany, Wednesday, Nov. 17, 2021. Official figures show that consumer prices across the 19 countries that use the ... Read more »

Zee-Invesco court war: Division bench adjourns hearing, no date given so far

ZEEL | Representative image The division bench of the Bombay High Court headed by Justice SJ Kathawalla and Milind Jadhav adjourned the hearing on the Zee Entertainment and Invesco matter ... Read more »

Centre's April-October fiscal deficit at 36.3% of Budget estimates for FY22

(Representative Image) The Centre’s fiscal deficit during April to October, that is the first seven months of the year, is well below last year’s at Rs 20,200 crore as against ... Read more »

Buy IndusInd Bank: target of Rs 1340: Sharekhan

Sharekhan’s research report on IndusInd Bank IndusInd Bank’s promoters may look forward to increase its stake to 26% from currently at 16.54% (as September 2021). The bank continued its Digital ... Read more »

How DHL is navigating supply chain challenges

Read more »

‘I'm concerned but I'm not panicking,' says NYU epidemiologist on the omicron variant

Dr. Celine Gounder, epidemiologist and professor at NYU, urged Americans to get vaccinated and boosted as the best way protect themselves until it becomes clear how well the current Covid ... Read more »

Dutch inflation rate rises to 5.6%, well above eurozone average

Photo: Depositphotos.com The Dutch rate of inflation has risen again to 5.6%, according to new figures published on Tuesday by EU statistics agency Eurostat. In October, inflation in the Netherlands ... Read more »

Centre's April-October fiscal deficit at 36.3% of Budget estimates

(Representative Image) The Centre’s fiscal deficit for April to October is well below last year’s at Rs 20,200 crore as against Rs 39,200 crores. It is also 36.3 percent less ... Read more »

Govt's excise mop-up from petrol, diesel doubles to Rs 3.7 lakh crore in FY21; states get Rs 20,000 crore

The central government’s mop-up from excise duty levied on petrol and diesel more than doubled to Rs 3.72 lakh crore in the pandemic year 2020-21, out of which states were ... Read more »

Buy TVS Motor Company: target of Rs 803: Sharekhan

Sharekhan’s research report on TVS Motor Company Aggressive product launches, forays into new markets and investments in newer and cleaner technologies would be the key growth drivers. Earnings growth was ... Read more »

Henderson continues to build up its land bank in Hong Kong, invests over US$1.1 billion in redevelopment projects

Henderson Land Development, which earlier this month bid a record HK$50.8 billion (US$6.5 billion) for a harbourfront commercial plot in Hong Kong, is gradually boosting its land bank in other ... Read more »

Buy Gland Pharma: target of Rs 4400: Sharekhan

Sharekhan’s research report on Gland Pharma Gland plans to increase the share of revenues from RoW markets to 40% (21% Currently) over next 3-4 yea led by a strong growth ... Read more »

Gainers & Losers: 10 stocks that moved the most on November 30

The market ended in the red after a volatile session on November 30. The Sensex ended 195.71 points lower, or 0.34%, at 57,064.87 and the Nifty shed 81.40 points, or ... Read more »

A look at improved gross enrolment ratio of girls in all levels of school education

(Image: News18 Creative) (Image: News18 Creative) (Image: News18 Creative) Read more »

Schiphol did not want a survey among complaining ground staff

He has been working as a handling agent at Schiphol for 32 years. Towing aircraft, loading and unloading aircraft. Cathay Pacific’s CX271 that he’s fielding on February 12, 2019 is ... Read more »

United Kingdom demands that Facebook mother sell Giphy

Photo: ANP The British market regulator has definitively ordered Facebook’s parent company to sell animation platform Giphy. The social media company’s takeover of the gif animation database in 2020 will ... Read more »

Procurement AI start-up DeepStream raises £5m to tackle supply chain headaches

Beringea, a venture capital fund, has led a funding round for DeepStream, whose customers include the electric battery manufacturer Britishvolt, Sky News understands. Read more »

Inflation in the Netherlands rises to 5.6 percent, according to provisional figures

What is inflation? Inflation is an increase in the prices of consumer goods and services. When there is inflation, you can buy less and less with the same amount of ... Read more »

Households pay more for electricity and gas transport

Photo: ANP Households will pay an average of 6 euros more (excluding VAT) next year for the rates for the transmission of electricity and gas. This is reported by the ... Read more »

Omicron cryptocurrency soars after new COVID-19 variant was similarly named

News of the new Omicron coronavirus variant caused one cryptocurrency with the same name to soar, rising almost ten-fold from Friday to Monday morning to reach $688. On Thursday, it ... Read more »

Dutch inflation at highest level in the past 24 years

Photo: ANP Dutch inflation rose to its highest level in at least 24 years in November. Average price levels also rose sharply in other euro countries, according to figures from ... Read more »

Mundra Drug Seizure | DRI records Adani Ports statement under NDPS Act

Representative image The Directorate of Revenue Intelligence (DRI) has recorded the statement of Adani Ports and Special Economic Zone (APSEZ) over the seizure of nearly 3,000-kg of heroin from Gujarat’s Mundra Port, ... Read more »

Total debt expected to rise to 62% of GDP in FY22 : MoS Finance

The Union government on November 30 informed the Parliament that it expects the total debt as a percentage of GDP to increase to 62 percent in 2021-22. At the same time, ... Read more »

Nissan announces $18 billion investment to hasten push for vehicle electrification

Photo by: Frank Albrecht/Unsplash Nissan Motor Co. is investing almost $18 million or ¥2 trillion over the next five years to hasten its plans for vehicle electrification. The Japanese automaker ... Read more »

Flash deliverer Getir wants to expand to six Dutch cities

Photo: ANP Flash delivery company Getir wants to expand to another six Dutch cities in the coming months. The company, originally Turkish, is one of the deliverers that has recently ... Read more »

Revenues of Hainan's exhibition industry to reach $9.4 billion by 2025

The growth rate of this indicator will average 12% in the next few years Read more »

Shriram Group forms a board of management as part of succession planning

Shriram Transport Finance Company (Representative image) Shriram Group has set up a board of management to manage the Shriram Ownership Trust, Founder R Thyagarajan said in a press briefing. The ... Read more »

Daughter of Zara founder gets a place on board of parent company

Photo: ANP Inditex, the Spanish parent company of fashion brands Zara, Bershka, Stradivarius and Massimo Dutti, has appointed Marta Ortega as the new chairman of the board. Ortega, 37, is ... Read more »

France, Russia must work together to reach carbon neutrality, says ex-ambassador

Sylvie Bermann stressed that there was now a consensus that nuclear power is one of the least carbon dioxide (CO2) emitting forms of power generation Read more »

Nestle Australia to manufacture KitKat, Milo, Nescafe in factories running on 100% renewable energy

Photo by: Inma Santiago/Unsplash Nestle Australia is shifting to renewable energy, and it was announced this week that it will now manufacture its products in factories that use eco-friendly electricity ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic